Champion Electric Announces Closing of Shares for Debt Transaction

Core Viewpoint - Champion Electric Metals Inc. has completed a shares-for-debt transaction to settle $440,063.68 owed to creditors by issuing 44,006,638 common shares at a deemed price of $0.01 per share [2]. Company Overview - Champion Electric is a discovery-focused exploration company with properties in copper, gold, and cobalt located in Idaho, United States. The company owns the Champagne polymetallic project and has an option on the Baner gold project [3]. - The company retains significant claims in the Idaho Cobalt Belt and trades on multiple exchanges under different symbols: "LTHM" on CSE, "CHELF" on OTC Markets, and "1QB0" on Frankfurt Stock Exchange [3]. Transaction Details - The shares issued in the transaction are subject to Canadian securities laws hold periods and specific vesting and resale restrictions. None of the securities will be registered under the U.S. Securities Act [2]. - The vesting schedule for the shares is as follows: 25% will vest after four months, an additional 25% after eight months, another 25% after twelve months, and the final 25% after sixteen months from March 25, 2026 [7].